Graco CFO Unloads $1,170,000 in Stock (GGG)
Graco (NYSE:GGG) CFO James A. Graner sold 15,000 shares of the stock on the open market in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $78.00, for a total value of $1,170,000.00. Following the sale, the chief financial officer now directly owns 58,189 shares of the company’s stock, valued at approximately $4,538,742. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Graco (NYSE:GGG) traded down 0.57% during mid-day trading on Thursday, hitting $77.1701. The stock had a trading volume of 65,034 shares. Graco has a 52 week low of $65.18 and a 52 week high of $79.88. The stock has a 50-day moving average of $75.84 and a 200-day moving average of $75.20. The company has a market cap of $4.637 billion and a price-to-earnings ratio of 22.31.
Graco (NYSE:GGG) last announced its earnings results on Wednesday, July 23rd. The company reported $1.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.99 by $0.08. The company had revenue of $322.50 million for the quarter, compared to the consensus estimate of $30.93 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts predict that Graco will post $3.68 earnings per share for the current fiscal year.
Graco Inc (NYSE:GGG) design, manufacture and sell equipment that pumps, meters, mixes, dispenses and sprays a variety of fluids and semi-solids.
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